Daily Sports wrote that Ancelotti could leave Real Madrid next year and go to Saudi Arabia to coach.
Saudi Arabia's offer was reportedly around €50 million per year, which tempted Ancelotti, even though his contract with Real Madrid runs until 2026.
Ancelotti had a high-profile tangle with the Brazilian national team. He was selected by the Brazilian Football Association and was expected to take over the Brazilian team last summer. Although there were reports that he had accepted the challenge, he ultimately decided to stay at Real Madrid and accepted the offer to renew his contract.